INX Plans to Raise $130 Million USD From Milestone IPO

INX ltd, a crypto exchange startup, has announced plans to raise up to $130 million USD through an Initial Public Offering (IPO).

INX has developed a regulated platform for cryptocurrency trading and an alternative trading system for security tokens, which it hopes will become a one-stop-shop crypto services platform. The move to raise money through an IPO is quite unusual by market standards, as generally crypto startups tend to raise capital via Initial Coin Offerings (ICO). On Monday, the company filed a draft prospectus with the US Securities and Exchanges Commission to sell 130 million of …